All Things Newz – Get Shopping Hints – Essential Tips from
Business

U.S. futures dip on macro concerns, but Ukraine war caps losses

[ad_1]

Article content

U.S. wheat, soybean and corn futures were under pressure in early Asian trading on Thursday as traders weighed concerns over global economic health after the Federal Reserve signaled more aggressive interest rate hikes this year.

However, concerns about Black Sea supplies limited the losses, with traders worried about an escalation in the Ukraine war that has disrupted crucial grain exports from the region.

Article content

FUNDAMENTALS

* The most-traded wheat contract on the Chicago Board of Trade (CBOT) was down 0.3% at $9.01 a bushel, as of 0100 GMT.

* CBOT corn

[ad_2]

Source link

Related posts

RBNZ’s Tightening Cycle Is ‘Well Advanced,’ Governor Orr Says

Chevron sees LNG growth opportunity in Europe on strong demand- top executive

Oil prices fall on U.S. inventory build, China COVID worries